Russia ready to boost investment in Iran’s oil sector

Oil cooperation between and Russia can be boosted to some $50 billion and Moscow has expressed readiness to make this investment, Iranian Leader's senior adviser Ali Akbar Velayati said

Referring to his meeting with Russian President Vladimir Putin earlier today, Velayati said that Putin’s reports in the meeting demonstrated that Iran-Russia oil cooperation can be developed to some $50 billion which is a considerable volume.

He added that Russia can appropriately replace Western companies which have left Iran due to US sanctions, the Mehr news agency reported.